Renting A Better Investment Than Buying, New Report Advises Denverites

· Jun. 11, 2015, 7:07 pm

Is it better to rent or buy? Well, Denver happens to be one of three cities "clearly in rent territory" because of skyrocketing home prices, says a report from Florida Atlantic University and Florida International University. 

Researchers there created an index to advise what's going to earn you more money in the long term--owning a home or renting and investing your money elsewhere. 

Since 2000, Denver has mostly been in the "rent" category. Chart: Rent vs. buy in Denver

But that's no picnic either. The average rental rate for three-bedroom, single family homes was $1,679 in the first quarter of 2015. That's a rise of 12 percent, the Denver Business Journal reports.

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